NEW YORK — Better-than-expected sales led Coach Inc. to increase its earnings guidance for the first quarter and full fiscal year.

For the three months ending Sept. 27, the New York-based accessories manufacturer said earnings are now forecast to be at least 36 cents a diluted share on sales of $245 million or more. Last year the firm had earnings of 24 cents on sales of $198.2 million. Previously, Coach had expected earnings per share of at least 33 cents, while the current Wall Street consensus estimate is 34 cents.

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